Thrifting 4 Gifting

Analysis

Thrifting 4 Gifting is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Thrifting 4 Gifting reported income of $1.0m and spending of $765k, leaving 26% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $765k to $1.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to May 2022, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrifting 4 Gifting sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lourdes Camp Inc ($1.0m), Park City Soccer Club Inc ($1.0m) and Boy Scouts of America ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $1.5m against liabilities of $127k, net assets of $1.3m.